Roger Staubach sells some Jones Lang stock

(Crain's) -- Roger Staubach sold some of his shares Friday in Jones Lang LaSalle Inc., the company that acquired Mr. Staubach's firm this summer.

Mr. Staubach sold 17,116 shares at an average weighted price of $49.27 for a total of about $843,362, according to a filing Monday with the Securities and Exchange Commission.

After the sale, Mr. Staubach owned 164,900 shares of Chicago-based Jones Lang LaSalle, according to the filing. Based on Monday's closing price, that stake is worth about $7 million. Mr. Staubach is executive chairman, Americas, for Jones Lang LaSalle and is on the board.

"Jones Lang LaSalle stockholders buy and sell shares of our stock all the time for their own reasons," the company said in an e-mail.

Mr. Staubach could not immediately be reached for comment.

Mr. Staubach received 182,016 shares of Jones Lang LaSalle last month in the merger, according to another SEC filing. The stake was worth $9.1 million, based on a share price of $50.05 listed on that filing.

After the sale, Mr. Staubach would remain the largest individual shareholder among Jones Lang LaSalle executives and directors, based on the company's April proxy filing, which came before the merger. His stake would be about one half of 1%, according to the number of shares outstanding at the end of the second quarter.

Jones Lang LaSalle paid $613 million for Staubach Co., which Mr. Staubach, a Hall of Fame former NFL quarterback, founded in 1977. The deal includes potential additional payments of up to $114 million.